ALTEO Energy Services Public : - revised strategy - 2022-2026

STRATEGIC REVIEW

ALTEO STRATEGY PRESENTATION 2022-2026

Our vision is to create a sustainable business advantage for our partners by providing the best energy solutions today, and to be the companies of tomorrow together.

DISCLAIMER

The sole purpose of this presentation (hereinafter: "Presentation") is to inform investors about ALTEO Nyrt.'s (hereinafter: "Company") vision, plans and objectives for the future. The Presentation may not be deemed or construed as information concerning a securities issue, information within the meaning of Section 16 of the Capital Market Act, an offer for the sale of securities, an investment recommendation, an investment analysis or a proposal to purchase the Company's securities. Neither the Presentation, nor any part or content thereof, nor any content referred to therein, nor the dissemination thereof may be considered a basis for decisions concerning the purchase of or subscription to such securities or the conclusion of a contract in relation to them or a commitment of any kind with regard to them. The sole purpose of publishing the Presentation is to ensure that all investors are provided information on the Company's vision, plans and objectives for the future and, thereby, for the Company to ensure transparency and full compliance with regulations on publishing insider information.

The information in this Presentation is exclusively provided by the Company and were not audited by an independent analyst or auditor.

The information or opinions in this Presentation or their completeness, accuracy or truthfulness may not be relied upon for any purpose or in any way shape or form. Neither the Company nor its directors, officers, employees, agents or consultants assume any warranty for the accuracy, completeness or truthfulness of the information or opinions in the Presentation and disclaim any liability for any damage or loss incurred in relation to the use of the information or opinions in question.

Based on the views and assumptions of the Company's management, this Presentation contains forward-looking statements presented by the Company in good faith and on reasonable grounds in its opinion. Forward-looking statements may be influenced by known and unknown risks, uncertainties and other factors, resulting in significant differences for the specific results, financial situation, performance and objectives of the Company or the industry as a whole as compared to the results, financial situation, performance or objectives expressed or implied in the forward-looking statements. With these risks, uncertainties and other factors in mind, the recipients of this document are advised not to rely prematurely on these forward-looking statements.

The entirety of this Presentation is up to date on the date of its publication, but may be subject to change in the future. The Company accepts no liability for updating or revising the statements, especially the forward-looking statements, in order to ensure that they represent future events and developments.

This Presentation may not be deemed advice or recommendation in legal, taxation or investment matters. In this regard, investors themselves need to carefully consider the legal, taxation or investment return consequences of a potential investment in the Company or its securities, including the benefits of investing and the relevant risks.

3

DEFINITION OF TERMS IN THE PRESENTATION

ARTEMIS	Autonomous Real-Time Energy Management Information System. A highly automated, autonomous, real-time production management system integrated
	into an AZURE cloud environment
ASZK or VPP	ALTEO Virtual Power Plant
B2B	Business-to-business transactions not involving retail users
EBITDA	Earnings before financial expenditures and revenues, taxes, depreciation and amortization and other loss-entailingnon-financial accounting expenditures,
	e.g. recognized impairment.
Median EBITDA	A term used by ALTEO management:	median EBITDA achievable with assets available at the end of a given period over a period of operation of 12
	months under average market and weather conditions, around which actual EBITDA value for the given year may fluctuate
IFRS	International Financial Reporting Standards
IPO	Initial public offering
CEE	Central and Eastern Europe
HUF bn	HUF billion
RPM	Renewable production management, which provides services primarily to weather-dependent renewable power plants, fast-growing solar power plants in
	particular, by minimizing the balancing energy costs related to production
Renewables	Power production units utilizing renewable energy sources
Payback period	The simple payback period of total invested capital, expressed in years
NOPLAT	Net operating profit less adjusted taxes, increased by the depreciation of intangible assets that no longer require any investment in the future
	(e.g. KÁT as an intangible asset recorded in IFRS)
O&M	Operation and maintenance services
PPA	Long-term power purchase agreement, where the investor builds, operates, maintains and finances the construction of the power plant and the buyer pays
	the investor's costs and profits in the price of the energy during the take-over period
ROIC	NOPLAT divided by total invested capital
SPO	Secondary public offering
Total invested capital	The amount calculated by adding up averages of equity and credit for a specific period (i.e. the arithmetic average of volumes at the start and end of a period)
	of a given year
WACC	Weighted average cost of capital
		4

MACRO-TRENDS AND STRATEGIC RESPONSES I

MACRO-TRENDS

Sustainable and decentralized energy production is increasinglyimportant

• The spread of renewables is unstoppable.

• Decarbonization efforts are stronger than ever. Investments into renewables are no longer only profitable with state support.
• The advance of individual corporate energy strategies based on

sustainability continues.

• Ensuring (regulating) the balance of the electricity system will
  continue to be a key focus area with significant potential for innovation in the future, due to the natural uncertainty of weather

forecasts and the spread of weather-dependent electricity producers.

• By 2030, renewable power plant capacities (wind, solar and hydro) are expected to become dominant in the energy production capacity

mix in the CEE region and their importance is expected to grow

steadily.

OUR STRATEGIC RESPONSES

Focus on sustainability

• We plan to continue to expand our renewable power plant portfolio
• Developing our renewable production management business
• B2B renewable power plant development under PPA
• Developing the VPP and providing B2B decentralized complex energy services (energy production management, implementation, O&M) tailored to specific corporate needs.
• On the energy basis, but beyond energy: supporting the circular economy: waste management and e-mobility - ready to take the leap.

5